2024 PLN to NGN Historical Review

YEARLY HIGH

435.6391 NGN

YEARLY LOW

195.1449 NGN

YEARLY AVERAGE

369.5233 NGN

2024 PLN to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PLN to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 435.6391. Conversely, the yearly low was recorded on January 1, dropping to 195.1449.

This high-to-low spread represents a total annual volatility of 240.4942 NGN. From a start-to-finish perspective, comparing the January average rate of 227.0177 to the December average rate of 385.4449, the exchange rate registered a net change of 69.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 435.6391 was up 90.18% compared to the 2023 peak of 229.0694, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 8,712,782 NGN

2023 Average 3,047,807 NGN

Yearly Trough Low 3,902,898 NGN

Transaction Impact: A difference of 4,809,883.95 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

444.1934

207.2744

JanuMarcMayJulySeptNove

PLN to NGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 334.0809, compared to 404.9656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 70.8847 points.

H1 Avg (Jan–Jun) 334.0809

H2 Avg (Jul–Dec) 404.9656

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 179.9713 NGN (High: 403.8469 / Low: 223.8756). On the other end, November was the most stable month, with a tight range of 13.5130 NGN (High: 419.4164 / Low: 405.9033).

February Spread (Volatile) ±179.9713

November Spread (Stable) ±13.5130

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 67.1511 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -67.1511

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 424.4502) against the same month in 2023 (average: 179.6634), the exchange rate shifted by +244.7868 (+136.25%).

2024 Avg (September) 424.4502

2023 Avg (September) 179.6634

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	240.7496	195.1449	227.0177
February	403.8469	223.8756	343.4194
March	411.4389	349.5938	385.7422
April	355.2384	292.1267	318.5912
May	386.5157	305.8592	358.1641
June	380.4703	349.3261	371.5509
July	421.7037	356.7500	385.4412
August	417.6461	399.6289	410.2406
September	435.6391	410.3602	424.4502
October	430.3361	407.5486	413.5348
November	419.4164	405.9033	410.6821
December	412.3167	374.7743	385.4449